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Cairn says working with new govt to resolve tax dispute

Last Updated: Tuesday, August 19, 2014, 17:45

Scottish explorer Cairn Energy plc Tuesday said it is working with the newly elected government to resolve a tax dispute that has stalled sale of its 10 percent stake in Cairn India Ltd.

Cairn Energy reduces staff to stem costs

Last Updated: Tuesday, August 19, 2014, 12:50

Cairn Energy Plc said it will trim its business to keep a lid on costs as it continued losing money over the first half of the year.

Mike Watts, who found oil in Thar desert, to quit Cairn Energy

Last Updated: Thursday, April 10, 2014, 17:43

Dr Mike Watts, the man credited with discovering India's largest onland oil field in Rajasthan, will step down from the board of Cairn Energy plc in mid-May.

Cairn Energy suspends share buyback due to tax dispute

Last Updated: Tuesday, March 18, 2014, 16:11

Cairn Energy had in October last year announced a USD 300 million programme to buy-back shares for cancellation.

'Cairn UK did not pay tax on Rs 24,503.50 cr of capital gains'

Last Updated: Tuesday, January 28, 2014, 01:56

This payment that the UK firm received was against its entire investment of Rs 2,178.36 crore (251.22 million pounds) in the India business.

I-T Dept restrains Cairn Energy from selling India stake

Last Updated: Friday, January 24, 2014, 15:29

The Income Tax Department, which is probing Cairn Energy plc's transfer of India assets, has asked the UK-based company not to dispose of its 10.3 percent holding in Cairn India.

Cairn India unveils Rs 5,725 crore share buy-back programme

Last Updated: Tuesday, November 26, 2013, 20:57

Cairn India Tuesday said it will spend up to Rs 5,725 crore to buy back shares, a move which would help promoter Anil Agarwal-led Vedanta Group gain greater control over oil producer without putting any money.

Cairn India among cos shortlisted for Lebanon's maiden auction

Last Updated: Friday, September 06, 2013, 17:48

Cairn India and its erstwhile promoter Cairn Energy plc of UK are among the firms that have been shortlisted to bid for Lebanon's maiden auction of exploration licences for offshore oil and natural gas.

Cairn net profit dips to $72.6 mn; buys stake in 3 oil blocks

Last Updated: Tuesday, March 19, 2013, 17:40

Net profit in 2012 was USD 72.6 million, compared with USD 4.56 billion profit in 2011, Cairn said in a statement.

Cairn Energy sells stake in Pitu block

Last Updated: Monday, January 23, 2012, 23:40

Edinburgh-based explorer Cairn Energy plc today said today said it has sold 30.6% stake in Pitu block in the Baffin Bay Basin off the west coast of Greenland to Norway's oil and gas major Statoil ASA for an undisclosed amount.

Cairn Energy to accept all govt conditions

Last Updated: Sunday, August 07, 2011, 22:36

After resisting for almost a year, UK's Cairn Energy Plc has said it will accept all pre-conditions of the government to get approval for selling stake in its Indian arm to mining group Vedanta Resources.